Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Who got what from a litre of oil in 2015?

  • SOURCE: | Editor
  • CaptureThe graph above illustrates the inter-country variations in the average price of one litre of oil across G7 countries as well as the OECD average during 2015. It is important to note that these price variations are mainly due to the widely varying levels of taxes (highlighted in red) imposed by major oil consuming nations. These can range from relatively modest levels – like in the USA – to very high levels in Europe and Asia/Pacific.
    For example, in the UK the government in 2015 earned about 67.2% of the price charged for every litre of pump fuel sold to consumers. On the other hand, oil producing countries (including OPEC) earned about 19.9% of the total pump fuel price.

    Source: http://www.opec.org/opec_web/en/data_graphs/333.htm

     

    Share this article

    Leave a reply

    Personality of the Month
    Poll

    Do you think the President should fund the free SHS with oil revenue?

    Follow Us Online
    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Events Calendar
    << Aug 2018 >>
    MTWTFSS
    30 31 1 2 3 4 5
    6 7 8 9 10 11 12
    13 14 15 16 17 18 19
    20 21 22 23 24 25 26
    27 28 29 30 31 1 2
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar